Hotel Sector

On February 20, the company raised ₹810 Crore from multiple anchor investors during the first day of the anchor book.

The pricing range for Juniper's initial public offering (IPO) is set at ₹342 to ₹360 for each equity share

The company aims to raise ₹1800 crore through the issuance of fresh shares only.

As of December 30, Yum Restaurants India owned 5 crore shares of Devyani International.

The stake was transacted at a floor price of ₹164 per share

Proceeds from the IPO will primarily be used to repay a debt of ₹1,500 Crore

The major hotel firm announced the opening of a new hotel, Park Inn, in January 2024

EBIDTA margin is at 18.3%, compared to the previous year's 19.6%

Hotels business comprises 20% of ITC’s invested capital but only ~3% of Ebit. Excluding hotels, FY23 pre-tax ROIC would increase by 17%.

ITC will retain about 40% stake, with the remaining 60% held by the new entity's shareholders proportionate to their current shareholding in ITC.